Reckitt Benckiser Group (RBGLY) to Announce Earnings on Wednesday

Reckitt Benckiser Group (OTCMKTS:RBGLY) will likely be posting its resultson Wednesday, July 29th. Analysts expect Reckitt Benckiser Group to post earnings of $0.3807 per share and revenue of $8.2493 billion for the quarter.

Reckitt Benckiser Group Stock Performance

Shares of Reckitt Benckiser Group stock opened at $13.27 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.98. The company has a 50 day moving average of $12.95 and a 200-day moving average of $14.35. Reckitt Benckiser Group has a 1-year low of $12.02 and a 1-year high of $17.80.

Analysts Set New Price Targets

RBGLY has been the subject of several research analyst reports. Kepler Capital Markets upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Zacks Research raised Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Reckitt Benckiser Group in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group raised Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc is a multinational consumer goods company that develops, manufactures and markets health, hygiene and home products. Its portfolio spans over-the-counter medicines and health products, personal and sexual wellness, surface and laundry cleaning, and household care. The company owns a number of well-known global brands across these categories, including Lysol and Dettol in disinfectants and hygiene, Durex in sexual wellness, Nurofen in analgesics, and Finish in dishwashing products.

The firm has its corporate headquarters in the United Kingdom and sells products in markets around the world, serving consumers across North America, Europe, Asia, Latin America, the Middle East and Africa.